Fiscal and Monetary Policy for The Development of Indonesian Plantation

The global monetary crisis in 2007-2008 and the focus of development on climate changes make it important to promote a healthy economic growth based on the local resources, The economic crisis, which has slowed down the economic growth and has caused job losses which result in increasing unemploymen...

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Main Author: Suharyadi Suharyadi
Format: Article
Language:English
Published: Universitas Islam Indonesia 2011-09-01
Series:Economic Journal of Emerging Markets
Online Access:http://uiistage.openjournaltheme.com/3310/index.php/JEP/article/view/2278
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author Suharyadi Suharyadi
author_facet Suharyadi Suharyadi
author_sort Suharyadi Suharyadi
collection DOAJ
description The global monetary crisis in 2007-2008 and the focus of development on climate changes make it important to promote a healthy economic growth based on the local resources, The economic crisis, which has slowed down the economic growth and has caused job losses which result in increasing unemployment and poverty, should alter the focus of Indonesian economic development in the future to be based on renewable and sustainable local resources. Indonesia is an agricultural and maritime country so these two aspects should be the core of the growth. In agricultural culture, plantation sector is the source of sustainable economic growth because of its geographical, demographic, and cultural potentials. The problems in plantation sector are the low growth of areas and productivity as well as its limited end-products. The research findings indicated that in order to increase areas, there should be a guarantee on investment, interest rate, and little retribution or good governance. To increase productivity, we need a guarantee on fertilizer price, interest rate, and wages, as well as pricing factors to avoid market distortion. This is very important relating to the economic stimulus policy which is essential to revitalize from the economic doom in the future. Keywords: plantation sector, area, productivity, investment, interest rate, and wages
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spelling doaj.art-2b8025fb5a1b4c448213a119af92945d2022-12-22T04:25:48ZengUniversitas Islam IndonesiaEconomic Journal of Emerging Markets2086-31282502-180X2011-09-0112Fiscal and Monetary Policy for The Development of Indonesian PlantationSuharyadi SuharyadiThe global monetary crisis in 2007-2008 and the focus of development on climate changes make it important to promote a healthy economic growth based on the local resources, The economic crisis, which has slowed down the economic growth and has caused job losses which result in increasing unemployment and poverty, should alter the focus of Indonesian economic development in the future to be based on renewable and sustainable local resources. Indonesia is an agricultural and maritime country so these two aspects should be the core of the growth. In agricultural culture, plantation sector is the source of sustainable economic growth because of its geographical, demographic, and cultural potentials. The problems in plantation sector are the low growth of areas and productivity as well as its limited end-products. The research findings indicated that in order to increase areas, there should be a guarantee on investment, interest rate, and little retribution or good governance. To increase productivity, we need a guarantee on fertilizer price, interest rate, and wages, as well as pricing factors to avoid market distortion. This is very important relating to the economic stimulus policy which is essential to revitalize from the economic doom in the future. Keywords: plantation sector, area, productivity, investment, interest rate, and wageshttp://uiistage.openjournaltheme.com/3310/index.php/JEP/article/view/2278
spellingShingle Suharyadi Suharyadi
Fiscal and Monetary Policy for The Development of Indonesian Plantation
Economic Journal of Emerging Markets
title Fiscal and Monetary Policy for The Development of Indonesian Plantation
title_full Fiscal and Monetary Policy for The Development of Indonesian Plantation
title_fullStr Fiscal and Monetary Policy for The Development of Indonesian Plantation
title_full_unstemmed Fiscal and Monetary Policy for The Development of Indonesian Plantation
title_short Fiscal and Monetary Policy for The Development of Indonesian Plantation
title_sort fiscal and monetary policy for the development of indonesian plantation
url http://uiistage.openjournaltheme.com/3310/index.php/JEP/article/view/2278
work_keys_str_mv AT suharyadisuharyadi fiscalandmonetarypolicyforthedevelopmentofindonesianplantation